{"data":{"id":"us-nj/n.j.-stat.-40-60-12","jurisdiction":"us-nj","citation":"N.J. Stat. § 40:60-12","heading":"Purchase of lands adjoining trust lands;  bonds;  use of income and proceeds","body":"Any society or organization designated in section 40:60-10 of this title may  sell to the municipality any lands owned by it and adjoining the lands conveyed  in trust as provided in said section 40:60-10.  The municipality may purchase  such adjoining lands for the purposes aforesaid, and may issue bonds not to  exceed ten thousand dollars in payment therefor;  provided, that the interest  accruing upon said bonds shall be used and devoted for the purpose of  maintaining said trust and carrying out the purposes thereof.","path":["TITLE 40 MUNICIPALITIES AND COUNTIES"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"cca41c7be0dcd420e5bd14c1733afad7ba12ada8c9a16895af414ec980ad245b","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40-60-11","next":"us-nj/n.j.-stat.-40-60-13"},"notice":"GroundRules: Original legal text. Not legal advice."}